Have you ever considered your income earning ability maybe your most valuable asset? What would happen if you woke up tomorrow and found you were incapable of working for an extended period of time, how would you survive without your income?
It’s as easy as a typist falling over and breaking their wrist on the weekend or a builder spraining their ankle on holidays and both cannot work for a period of time. How would you pay the mortgage, phone bills, and put food on the table? What if you could never work again?
So how does Income Protection Work?
Income Protection Insurance will pay up to 75% of all income (salary/wages, super plus any other benefits). The monthly income you receive from the policy can be agreed on (agreed value per month) when you take out the policy, or it can be calculated (Indemnity policy) according the income you’re earning at the time when you make the claim.
Income Protection Insurance premiums are generally tax deductible.
If you would like to know more or would like an estimate of the cost of insuring your income please call the office on 1800 556 122
If you would like to discuss how Income Protection could help you please call the office for an obligation free discussion of your needs or contact us here
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services Pty Ltd (PIS) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither PIS nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.